SBA

Huntington launches health care finance unit

06/20/19

The Columbus, Ohio, bank has hired a former executive from Bank of America to run the new business, which will target physician, dentist and veterinary practices.

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An online-only bank's bold plan for small-business lending

06/19/19

First Internet is poised to acquire an SBA lending team to help it meet an ambitious loan target for the year — a target the CEO plans on doubling in coming years.

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Pennsylvania bank works to stem damage from CEO’s fraud arrest

05/31/19

While Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation.

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First Internet to buy SBA platform from Colorado bank

05/21/19

First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal.

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Data privacy, AI, regulation: Small-business lending is changing fast

05/14/19

The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills.

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Buyer avoids red tape, seller builds on strength in Sound Bank deal

05/10/19

The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.

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Will fee fight cause another SBA shutdown?

05/07/19

Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.

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Government pushing to spur more business loans by credit unions

05/03/19

The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns.

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Lawmakers, lenders aren't buying SBA's argument for higher loan fees

04/11/19

The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.

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SBA's rationale for raising fees: More loans will go bad

04/03/19

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.

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